Can Bitcoin be kept as generational wealth ?

BlackBoss_

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Quote from: Minor Miner on February 11, 2025, 11:33:24 PM

Indeed, storing gold is quite cumbersome but we cannot rely on that and claim that Bitcoin is safer than gold because the internet world is even riskier than the real world. Furthermore, to evaluate which asset is safer, we need to have an overall assessment such as popularity, legality, liquidity....and I don't think bitcoin is superior to gold.

The bullish case for Bitcoin is an informative book with a lot of insights and from this book, you can have some comparison between Bitcoin and gold. The author wrote about predictive future that Bitcoin will grow up more, get better adoption and Lindy effect can make Bitcoin stronger and stronger considerably with time, like how gold achieved it through thousand of years.

It's worthy to say about impressive growth of Bitcoin compares to gold, and Bitcoin is unprecedented thing with its exponential growth rate, better than both Gold and Internet adoption curves.

Bitcoin vs. Gold and Bitcoin adoption curve.
https://woocharts.com/bitcoin-vs-gold/
https://woocharts.com/bitcoin-adoption-s-curve/

batang_bitcoin

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Quote from: ? on February 11, 2025, 10:20:21 PM

The fact that Gold market capitalization is larger compared to Bitcoin can’t be overlooked but i would rather keep adding Bitcoin to my portfolio than holding on to Gold for several years. I’m aware some would rather invest in Gold for its long-term stability and also for generational wealth purpose which is applaudable reason why I’m curious if you can keep Bitcoin for generational wealth.

I'll try to keep even for a bit for my offspring and to the next generation if I can. But if it doesn't permit and I have to sell for survival, I have no choice. This is what's good with Bitcoin, it's now become an asset that can be passed on to the next generation. It's here to stay and just like gold, it is a wealth that we can keep while we're on it and considered still quite early. Many don't think that it's going to be as good as it is now but later on they will realize, they'd feel bad and late for it.

Poker Player

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Yes, but you have to have a good plan to be able to transfer it if you die unexpectedly while being careful how you do it, especially if you manage it with your private keys. If you have a mutual fund, or stocks, or a bitcoin ETF the moment you die it passes to your heirs but if only you know where a copy of your seeds are and no one will find them if you die unexpectedly those coins are lost. Or as Satoshi would say, you donate them to the community but they are not inherited by whoever you wanted.

Minor Miner

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Quote from: BlackBoss_ on February 11, 2025, 10:38:37 PM

Bitcoin is more fungible, and more convenient to use than physical gold bars. Bitcoin is more secured than gold too, and even Bitcoin and Gold belong to different asset categories, comparison between them is not actually good.

Indeed, storing gold is quite cumbersome but we cannot rely on that and claim that Bitcoin is safer than gold because the internet world is even riskier than the real world. Furthermore, to evaluate which asset is safer, we need to have an overall assessment such as popularity, legality, liquidity....and I don't think bitcoin is superior to gold.

Quote from: BlackBoss_ on February 11, 2025, 10:38:37 PM

Bitcoin is far behind gold in marketcap but one decade ago, noone thought Bitcoin can go far like it achieved in 2024 and 2025 with very high market cap $1.896 T like now. Biggest difference between Bitcoin and gold is their total supplies. Bitcoin is limited, capped at 21M bitcoins, and gold is not limited with unknown mineable gold on Earth and possible on asteroids and other planets in future.

Gold has a larger supply but the demand and practical applications of gold are many times greater than bitcoin. That is why humans have been mining gold for over a thousand years and hundreds of thousands of tons of gold have been mined but there has never been enough gold to meet our needs. Not to mention, gold mining is extremely complex and expensive, and that only causes gold prices to continue to rise instead of falling as many people think.

TravelMug

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Quote from: ? on February 11, 2025, 10:20:21 PM

The fact that Gold market capitalization is larger compared to Bitcoin can’t be overlooked but i would rather keep adding Bitcoin to my portfolio than holding on to Gold for several years. I’m aware some would rather invest in Gold for its long-term stability and also for generational wealth purpose which is applaudable reason why I’m curious if you can keep Bitcoin for generational wealth.

Nothing against Gold, but there might be sometime in the future that Bitcoin will be in parity with Gold and if that happens, then it's really better to invest into Bitcoin this early and maybe wait for that to happen in the future.

At least we still have time, perhaps, 1 Bitcoin=$500k or even 1 million is possible and with that, we can call it a generational wealth or at least we can share and put it as a inheritance to the next generation. Our kids and their kids could live a good life because of our initial investment on Bitcoin.

Despairo

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If you buy gold worth of $100, in the next 20 years even you sold it for $1K, the purchasing power of $1K in the future is worth for $100, so technically you didn't make anything after 20 years.

While Bitcoin, if you buy it worth of $100, in the next 20 years you old it for $3K, the purchasing power of $3K might would be $1K, so you're making 10x after 20 years.

If I'm a billionaire, I will turn most of my money into gold. Unfortunately I'm not, so I go most on Bitcoin.

Pi-network314159

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Quote from: ? on February 11, 2025, 10:20:21 PM

The fact that Gold market capitalization is larger compared to Bitcoin can’t be overlooked but i would rather keep adding Bitcoin to my portfolio than holding on to Gold for several years. I’m aware some would rather invest in Gold for its long-term stability and also for generational wealth purpose which is applaudable reason why I’m curious if you can keep Bitcoin for generational wealth.

When it comes to generational wealth you can think of Bitcoin. Infact Bitcoin is the best asset for long term purpose. Many folks can chose to invest in gold for all they care, but I don't see any reason to invest in Gold for all I care. Gold market cap may be higher than that of Bitcoin, but we should also remember that Gold has been in existence for decades, but Bitcoin has just been around since 15 to 16year now and has gain recorgnition. If Bitcoin can be in existence for some couple of years now and has gain this recorgnition, then by 30years time from now Bitcoin will increase tremendously. So Bitcoin is an asset worthy of investing.

BlackBoss_

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Quote from: ? on February 11, 2025, 10:20:21 PM

The fact that Gold market capitalization is larger compared to Bitcoin can’t be overlooked but i would rather keep adding Bitcoin to my portfolio than holding on to Gold for several years. I’m aware some would rather invest in Gold for its long-term stability and also for generational wealth purpose which is applaudable reason why I’m curious if you can keep Bitcoin for generational wealth.

Bitcoin is more fungible, and more convenient to use than physical gold bars. Bitcoin is more secured than gold too, and even Bitcoin and Gold belong to different asset categories, comparison between them is not actually good.

In marketcap, you can see Bitcoin and Gold market caps.
https://companiesmarketcap.com/assets-by-market-cap/

Bitcoin is far behind gold in marketcap but one decade ago, noone thought Bitcoin can go far like it achieved in 2024 and 2025 with very high market cap $1.896 T like now. Biggest difference between Bitcoin and gold is their total supplies. Bitcoin is limited, capped at 21M bitcoins, and gold is not limited with unknown mineable gold on Earth and possible on asteroids and other planets in future.

_act_

legendary

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Lightning network is good with small amount of BTC

The world has been positive about bitcoin, including the government. Almost all the world governments do not against bitcoin. If you want to keep it for a very long time, it is a store of value and a generational wealth.

You can diversify. Although I prefer to just go for bitcoin because it is easy to store and purchase.

?

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The fact that Gold market capitalization is larger compared to Bitcoin can’t be overlooked but i would rather keep adding Bitcoin to my portfolio than holding on to Gold for several years. I’m aware some would rather invest in Gold for its long-term stability and also for generational wealth purpose which is applaudable reason why I’m curious if you can keep Bitcoin for generational wealth.

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